U.S. jobs data add to markets’ growth concerns
LONDON – Stock markets slid while the euro fell to a two year low on Friday as investors fretted about the global economy following worse than expected U.S. jobs figures.
The 80,000 increase in payrolls in June was slightly below market expectations for an increase of about 90,000 and was not enough to reduce the unemployment rate, which remained at 8.2 percent.
May’s payrolls increase was revised down, meaning the U.S. economy has added just 75,000 jobs a month in the April-June quarter, compared with 226,000 a month in the first quarter.
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